Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1887-10-07
NEAT, CHEAP AND RAPID

| feet Tho permanent disposal power cannot be
stated with exactness hut probably not far from
| 16e mil powers Cotton nlanufacture, In q rude
form and on limited scale, existed at this place
then called Amoskag Fails. as carly as 1909 md
grown TO some importance in 1881. when the
Arnoskag Manufacturing Company was organs.
lied with q capital Of 81 COO IT purchased
the manufacturing property and franchises Of a,
navigation company, then existing. In 1856
the company purchased some 200 acres OF land
at Manchester to avoid competition; II also pnr.
chased two other water powers on the river
above, one at Hooksett and one at Bow. called
GarYin's Falls. Large tracts of land were In
cluded In these latter purchases and the COM
pany also purchased timber lands, stone euas-
ries, and other property thought to be desirable.
These purchases. and not including the fran
chises of the navigation company, must have
cost nearly 100000. The company constructed
the dams canals etc, and In addition to the land
and water power Interests have carried on an
Immense manufacturing business in cotton
goods and machinery. In It's leases eff water
power to other companies it has fixed the annual
rentals ut low rate. barely sufficient to pay the
expense Of maintenance, finding its accounts In
the extension of business, increase Of population
and consequent sales Of lands. For water drawn
in excess Migrants 1t charges s. per day pc mill
power. The company first sale OF land was by
auction In 1895 when about fourteen acres were
disposed o. realiziug S,i,S55; in 1851 the sales
amounted to SlESG00 In 1884 the amount real
lied from the sales of land $3.50 0o0 and the sales
at present are at the rate OF $4,000 year. On
the first day Of April 1888 the company had 1869
acres of land remaining in Manchester. and on
May s, 1880. it had . 4GS acres in other localities
The company has sold its land in Manchester as
fast as the market called for it, usually at low
prices. from four to ten cents per square foot. q,
1t does not accept Ices than eight cents for any
land within a mile of the City Hall or a. the rate
of sl2l0 fora lot twenty FIVE by one hundred
feet. The present nominal capital of the comps.
ny is s., 100000 represented by 5000 shares The
market value Of the stock is s. 600 per share The
valuation of Manchester is S26. 600, 0oO of which
S11, 900 900 are represented by real estate. 1t is
said that land purchased Of the company al its
first sale has been recently sold with Its buildings
at $50 per square foot, and So TO s. per square
foot is a common price for vacant land on the
main street.. The manufacturing business of the
company has hcen conducted On the same com-
prehcnsive and liberal principles as its real es.
tate transact;Nns and {: hns cnjny9I an ufliLter-
rupted career of prosperity.
Many enterprises Of ike character might be
mentioned in different parts of New England,
conducted on similar plans, aud having very
similar history. The above sketch is sufficient to
show that such projects, undertaken with SUM-
cient means, and conducted with reasonable pru-
dcncc are amsng he most SAFE. PERMANENT. and
REMUNERATIvE investments. That they are des-
tined to be still more remuneratire at the West
cannot admit of II doubt, because developments
tending TO the enhancement of vAlues move 50 >
much more rapidly than at the East As An ex-
ample OF this, take the city of Manchester here.
toforc mentioned, which is regarded as n ressou-
ably prosperous manufacturing town. 1t was
tiourishing city when Minneapolis was hunt.
ers camping ground It. development was un-
dcrtakcn with immense capital and all applianc.
cs Of skill experience. and foresight yet the
PAST YEARS INVESTMENTS IN REAL ESTATE alone
in Minneapolis would buy the city of Manches.
Ter at the aSStSS.,rs valuation.
The water power Of Miuneapo and nil the
lind within a radins Of two miles could probably
have been bought twenty five yenrs ago for half
million dollars to-day there is ne more room at
Minneapolis. n;id tic state of Minnesota and the
Territory OF Dakota are but in the infancy Of
their development. On these facts the company
largely bases its expectation .Isff profits. Upon
the execution of the lprqs,psed improvements at
Little Falls this place w4sspresear n more sub.
stantial prospect of becoming center of manu-.
factlrc and ;rade, and the company confidently
expects that the sale of real estate in short tine
will realizc enough to pay all expenditures and
leave them in possession of a magnificent prop.
erty, yielding for all time to come a substantial
and handsome return on the investment.